Fort Lauderdale, FL (33316) is a great place to live for those looking for affordable rent prices. The cost of 2-bedroom rent in Fort Lauderdale is $1,620, which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Fort Lauderdale is 113 versus 100 in the US. This means that groceries are more expensive than average but still relatively affordable compared to other places.
Fort Lauderdale offers residents plenty of options for employment and entertainment. Local businesses such as JM Family Enterprises, AutoNation and Broward Health are headquartered in Fort Lauderdale and provide many job opportunities for its citizens. This coastal city also has plenty of attractions including beautiful beaches and parks, diverse shopping destinations, renowned art galleries and more.
Residents of Fort Lauderdale can enjoy the benefits of living in an affordable city with access to plenty of job opportunities and entertainment activities. Despite higher grocery costs than other places in the US, overall costs are still lower when taking into account rent prices. Therefore, it can be concluded that living in Fort Lauderdale is both affordable and enjoyable for potential residents who want to take advantage of all it has to offer.
Fort Lauderdale (zip 33316) has an unemployment rate of 6.1%. The US average is 6.0%.
Fort Lauderdale (zip 33316) has seen the job market decrease by -7.7% over the last year. Future job growth over the next ten years is predicted to be 37.9%, which is higher than the US average of 33.5%.
Tax Rates for Fort Lauderdale (zip 33316)
- The Sales Tax Rate for Fort Lauderdale (zip 33316) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fort Lauderdale (zip 33316) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fort Lauderdale (zip 33316)
- The average income of a Fort Lauderdale (zip 33316) resident is $78,944 a year. The US average is $37,638 a year.
- The Median household income of a Fort Lauderdale (zip 33316) resident is $82,973 a year. The US average is $69,021 a year.